Uniform Power of Attorney Act; established within Code of Virginia. (HB719)

Introduced By

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Introduced

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Passed Committee

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Passed House

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Passed Senate

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Signed by Governor

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Became Law

Description

Uniform Power of Attorney Act (UPOAA). Establishes in the Code of Virginia the Uniform Act that was adopted by the National Conference of Commissioners on Uniform State Laws in 2006. The UPOAA consists of default rules that can be modified if the principal desires. Powers of attorney will be durable unless drafted to expire upon a specified date or event. The UPOAA addresses creation and use, good faith reliance, limitations of agent's powers, refusal to recognize, judicial review, notification of resignation, and other matters. The UPOAA contains an optional statutory form that may be used by an agent to certify facts concerning a power of attorney. Amends § 37.2-1009, § 37.2-1020, § 37.2-1023, § 55-34.7, § 55-544.01, § 55-544.02, § 55-546.02, of the Code of Virginia.Read the Bill »